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Supportandresitance

BTC/USDT 4HInterval Chart ReviewHello everyone, let's take a look at the BTC to USDT chart on a 4-hour time frame. As you can see, the price came out of the local upward trend line. Let's start by determining the support line and as you can see, the first support in the near future is $64,988, when the price comes out the bottom, the next one is at $63,198 and then at $60,780. Looking further, we can see two important support zones from $59,393 to $57,736 and the other from $55,543 to $53,976. Looking the other way, you can see resistance at the level of $68,928 and another one at $71,390, then the resistance zone from $73,225 to $75,642 is important, where the recently formed price peak is located, only when the price leaves it the top can move towards the resistance at level of $82,402. Looking at the RSI indicator, you can see the moment of breaking from the support line, while the STOCH indicator can be seen falling below the lower limit, which confirms the current decline.
by cryptodailyuk
LTC/USDT 8HInterval Chart ReviewHello everyone, let's look at the LTC to USDT chart taking into account the 8H time frame. As we can see, the price is moving above the local upward trend line. Going further, you can see the price fighting in a strong resistance zone from $102.33 to $115.12, when we break out of this zone, we can see an increase to the resistance level of $131.40. Looking the other way, you can see the first support at the level of $91.29, the next strong support is at the level of 77.73, and then it is worth defining the zone from $68.23 to $56, which previously held the price. Looking at the RSI indicator, we see that it is moving towards the upper limit, with room to make another upward move, but at this point it is worth being cautious before a potential rebound. However, the STOCH indicator bounces from the upper limit and subsequent raises result in a higher price movement.
by cryptodailyuk
XAUUSD BUY AND SELLHi guys, I'm back with another gold analysis, as you can see gold is pretty much bullish. which makes buying on demand levels sensible. area 2200-2198 is our first demand level which could be tested today. currently market is trying to break above the ATH. one scenario is breaking above the resistance and then pulling back in which then we would look for demands to buy. other scenario is a huge drop from these levels to demand levels. Also In order to go short we have to check lower time frame for entry, but because of the news we have to be patient. *Today's news will severely impact this analysis *add your own logic and intuition into this analysis Be honorable
OANDA:XAUUSD
by AliHassanzadeh
BNB/USDT 4HInterval Chart ReviewHello everyone, let's look at the 4H BNB to USDT chart, as we can see that the price is staying above the local downtrend line, but at the border of the uptrend line. Let's start by setting goals for the near future that we can include: T1 = $589 Next, there is a strong resistance zone from $613 to $646. After going up, we may see a price increase towards $739. Now let's move on to the stop loss in case of further market declines: SL1 = $542 SL2 = $506 SL3 = $468 to $417 zone AND SL4 = $417 Looking at the RSI indicator, you can see that it remains below the downtrend line and indicates a transition into a downtrend. However, the STOCH indicator is approaching the lower limit, but there is still room for a greater decline.
by cryptodailyuk
Will BTC break through the first resistance zone?Hello everyone, let's take a look at the BTC to USDT chart on a 1 hour time frame. As you can see, the price has moved above the downward trend line. Let's start by determining support and as you can see, the first support in the near future is $68,540, in case of breaking the support, the next support is $67,089, and then it is worth defining the support zone from $64,856 to $64,576. Looking the other way, we can see how the price is fighting against the strong resistance zone from $69,660 to $71,064, and when it breaks above it, we can see another attack towards the ATH to the zone from $73,638 to $74,323. Looking at the RSI indicator, we can see how it goes beyond the upper limit in the one-hour interval, which may result in a deceleration of growth, also when we look at the STOCH indicator, we will see an exit from the upper limit, which may also cause a change in direction.
by cryptodailyuk
LINK/USDT Trading ScenarioWe are considering the scenario of price movement for LINK. The asset is in an uptrend. From the perspective of volume profile and participant transactions, the price is being pushed upwards. Currently, after reaching a local maximum at $22.845, the asset has started a correction, and its price has decreased by more than 27%. Additionally, amidst the BTC correction, we can expect the continuation of the asset's price decline towards the levels of $14 and even $12. We are considering this situation to increase the share of the asset in the portfolio with a long-term holding perspective aiming for profit maximization.
by Rick_SimpleSwap
BNB/USDT 4HInterval Chart ReviewHello everyone, I invite you to review the chart of BNB in pair with USDT, on a four-hour time frame. As we can see, the price is moving in a downward trend channel, while a sideways trend channel is visible locally, which previously ended with another price drop. As we can see, the upper part of the sideways trend channel is the beginning of the resistance zone from $539 to $553, only after breaking above this zone will the way for further increases towards the resistance at $589 and then further towards $614 open up. Looking the other way, we see strong support at the $500 level, which is located at the lower border of the sideways trend channel, inside the descending channel. And the next strong support is the $462 level.
by cryptodailyuk
BTC/USDT 4H Interval Chart ReviewHello everyone, let's look at the 4H BTC to USDT chart as we can see that the price is moving below the local downtrend line. Let's start by setting goals for the near future that we can include: T1 = $65,158 - $65,877 T2 = $66,861 AND T3 = $68975 Now let's move on to the stop-loss in case of further market declines: SL1 = $62,880 - $61,808 SL2 = $59031 The volume shows a predominance of green candles, but they are weaker than the previous downward ones. We remain in a downward trend on the RSI, adding the STOCH indicator which is quite low, we can see an attempt to increase the price before another recovery.
by cryptodailyuk
Euro can start rise to resistance level, exits from triangleHello traders, I want share with you my opinion about Euro. Observing the chart, we can see that the price some days ago rebounded from the resistance level, which coincided with the resistance line and seller zone and little declined. After this movement, the price tried to back, but failed and when the EUR touched the resistance line it rebounded again and made an impulse down to the 1.0725 support level, which coincided with the buyer zone. Some time later Euro declined to support line, after which it in a short time turned around and rose to the resistance line, thereby making a fake breakout of the 1.0725 level. After this movement, Euro made a correction to the support line and then made an impulse to the seller zone, breaking the 1.0900 resistance level with line. Next, the price started to trades in a triangle, where it rose to the resistance line, after which the price rebounded and in a short time declined to the support line, breaking the 1.0900 level one more time. Now, the price trades near the support line of the triangle, and in my opinion, the Euro can rebound up from the support line to the resistance level, thereby exiting from the triangle. For this case, I set my target at the 1.0900 resistance level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
2
BTC/USDT 30MInterval Chart Hello everyone, let's take a look at the 30M BTC to USDT chart as we can see that the price has attempted to break out of the downtrend line with the upper hand. Let's start by setting goals for the near future that we can include: TP1 = $68246 TP2 = $69,303 AND TP3 = $70968 Now let's move on to the stop-loss in case of further market declines: SL1 = $66,644 SL2 = $65,198 to $64,178 AND SL3 = $62,860 Looking at the RSI indicator, you can see that it is bouncing off the local downward trend line, which may continue to decline, while the STOCH indicator gives small increases, ending with a decline.
by cryptodailyuk
The decline continued at the beginning of the Golden WeekLast Friday, it was prompted to short gold at 2149, which is getting closer and closer to the target level of 2145. The position is making a huge profit. If there is a rebound, you can continue to short, but you cannot go short directly. For those who have made huge profits, they can wait until the 2145 target level is reached and then exit the market with profits. If you are not confident in your trading, you can refer to my advice. You can also follow me and enter my channel
TVC:GOLDShort
by Donald-king
BTC/USDT 1HInterval ChartHello everyone, let's look at the 1H BTC to USDT chart, because we can see how the price has left the local downtrend channel, and it is important that it maintains the current level to continue to grow. Let's start by setting goals for the near future that we can take into account, first the important resistance zone from $68,550 to $69,629, and then the target around $72,843 should be taken into account. Now let's move on to the stop-loss in case of further market declines: SL1 = $66,326 SL2 = $63,841 - $62,525 AND SL3 = $58,717 Looking at the RSI indicator, we can see a return to the upper part of the range with room for potential growth, but on the STOCH indicator we are moving above the upper limit, which may affect the attempt to recover.
by cryptodailyuk
2
ETH/USDT 1HInterval ChartHello everyone, let's look at the 1Hinterval, ETH to USDT chart as we can see that the price has started to move in the local downtrend channel. Let's start by determining the support for the near future that we can take into account and here you can see how the price remains at the support zone from $3,647 to $3,539, then the level of $3,392 is visible, and then strong support at the level of $3,197. Now let's move on to the goals that the price must face in the event of renewed increases and here resistance levels are visible: TP1 - $3767 TP2 - $3,891 TP3 - $4091 Looking at the RSI indicators and the STOCH indicator, it can be seen that increases in the indicator result in small upward movements, while recoveries result in larger price drops, which should still result in a price correction.
by cryptodailyuk